Federal and State Loans

Loans are a form of financial aid that must be repaid with interest. Loans are a form of need-based aid, which means that the amount you are offered will be based on your financial need as calculated based on the information in your Free Application for Federal Student Aid (FAFSA). Some loans come from a limited pool of funds, so students are encouraged to complete and submit the FAFSA as early as possible. When completing your FAFSA to apply for financial aid, please remember LeTourneau University's FAFSA code is 003584. If you participate in the Federal Direct Student or Parent Loan Program, your loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.

All scholarships listed as "per year" are renewable for 4 years as long as a student continually meets each scholarship's specific requirements.